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The Will Robinson Signal
With
investors extremely bullish and company insiders extremely bearish and with the
indicator constructed from the trends in gold, crude oil and yields on the 10
year Treasury flashing extremes, I am once again reminded of the robot from the
hit 1960's TV show, "Lost In Space". When the boyish Will
Robinson was in peril, the robot would fling his arms up and down and announce
in robot voice: "Danger,Will Robinson, danger!" Historically,
these set of market conditions should not be ignored. If the
market hasn't topped out already, it should do so within a couple of percent of
the recent highs. Rallies should be sold and stops tightened up.
The market is prone to sudden sell offs. There will be better risk
adjusted opportunities to buy in the future.
{click on image to enlarge}
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"Danger's my middle name..."
NY Manufacturing Index wildly below forecast. It merited 12 words in the CNBC report at mid-day.
Even Santelli blew it off, saying something like, "New York is not exactly known as the bastion of manufacturing."
What about all that POMO money?
I loved that show. Better if buzzed
One more bull trap please
I can't see the picutre RobotTrader :-(
+1
Bubble headed boobie !
Dr. Smith the stowaway always the trouble maker in the episodes. Ummm?
Dr. Bernacke, danger, danger...
Oh the pain...the pain of it all...my back is extremely delicate today...LOL.
Richard Russell said " Batten down the hatches " a few months
ago... it is still true today.... A big storm is coming.. this week .?
next week .? we can all see it is coming... Black Clouds Above..
Got Silver...?
I totally agree with you, their is a storm coming and it's something that Bernanke isn't ready for. They are monetizing debt and destroying the dollar, we will be forced by the market to make sacrifices that could savage the political and social structure of the US. I'm starting to think that we will see the start of the market dump in December, it's just a weird feeling I'm getting.
Memories of the "Hindenberg Omen" at the bottom of wave 2, late August this year.......... :D